Financial Performance - As of December 31, 2022, the company's distributable profits amounted to RMB 124,285,355.38, with a net profit attributable to shareholders of RMB 79,249,808.74 for the year[6]. - The proposed cash dividend is RMB 1.5 per 10 shares, totaling RMB 30,000,000 (including tax), resulting in a cash dividend payout ratio of 37.85%[6]. - The company's operating revenue for 2022 was approximately CNY 2.495 billion, representing a year-on-year increase of 22.71% compared to CNY 2.033 billion in 2021[23]. - The net profit attributable to shareholders for 2022 was CNY 79.25 million, a 40.06% increase from CNY 56.58 million in 2021[23]. - The net profit after deducting non-recurring gains and losses was CNY 67.92 million, up 37.12% from CNY 49.53 million in the previous year[23]. - The company's total assets increased by 24.08% to CNY 1.979 billion at the end of 2022, compared to CNY 1.595 billion at the end of 2021[23]. - The basic earnings per share for 2022 was CNY 0.40, reflecting a 14.29% increase from CNY 0.35 in 2021[24]. - The gross profit margin improved by 0.87 percentage points year-on-year, driven by a 13.05% increase in the sales of prepared foods, which accounted for 62.71% of total food product revenue[25]. - The cash flow from operating activities decreased by 41.50% year-on-year, primarily due to an increase in inventory and accounts receivable[25]. - The company achieved a revenue of ¥2,495,141,000.86, representing a 22.71% increase compared to the previous year[62]. - Operating costs amounted to ¥2,251,477,808.50, reflecting a 21.54% increase year-over-year[65]. - The gross profit margin for the main business in the agricultural and sideline food processing industry was 11.08%, an increase of 1.64 percentage points year-over-year[67]. Operational Highlights - The company processed 41.75 million chickens in 2022, a decrease of 13% year-on-year, while producing 99,000 tons of fresh chicken, also down 13%[50]. - The company’s chicken feed production reached 276,000 tons in 2022, an increase of 11% year-on-year[51]. - The company’s chicken processing capacity utilization for prepared products was 79.64% in 2022, up from 75.94% in 2021[53]. - The company’s fresh chicken production capacity was 240,000 tons in 2022, with an actual output of 98,596 tons, resulting in a capacity utilization of 41.1%[53]. - The company plans to increase its prepared chicken product capacity by 40,000 tons with a new smart factory expected to be operational by September 2023[53]. - The company’s raw material procurement is primarily from contracted farms, ensuring quality control through unified procurement of chicks, feed, and veterinary supplies[51]. - The company has established a comprehensive food safety management system, with 103 personnel dedicated to quality control and food safety, resulting in an annual salary expenditure of approximately ¥4.61 million[55]. - The company has invested ¥2.77 million annually in food safety, covering testing and other related expenses[55]. Market and Strategic Initiatives - The company plans to adjust future strategies based on market conditions, although specific commitments to investors are not guaranteed[7]. - The company is actively leveraging favorable policies to expand its market presence domestically and internationally, particularly in ASEAN, the Middle East, Africa, Russia, and the Netherlands[41]. - The company is participating in the "Action Plan for Strong Manufacturing Province (2022-2025)" to promote high-end, intelligent, and green development in manufacturing[43]. - The company aims to become a leading player in the chicken processing sector, focusing on high-value-added ready-to-eat products and improving profitability from raw materials[103]. - The company plans to enhance its brand presence and increase sales in the consumer market, leveraging its listing advantages and online sales platforms[105]. - The company is focusing on digital transformation to improve operational efficiency and cost performance through smart manufacturing and data-driven decision-making[105]. Environmental and Social Responsibility - The company has invested RMB 15,957,118.72 in environmental protection during the reporting period[158]. - The company is listed as a key pollutant discharge unit in Yantai City, focusing on water pollution[159]. - The company has implemented a comprehensive pollution control system, including biological membrane technology and aeration tanks, to treat wastewater effectively[162]. - The company has established an ISO14001 environmental management system to enhance environmental awareness among employees and minimize environmental impact[173]. - The company has committed to strict adherence to environmental impact assessment regulations for new construction projects[164]. - Total donations in 2022 amounted to 200,000 CNY, all in cash[176]. - Total investment in poverty alleviation and rural revitalization projects reached 159,927,900 CNY, including 8,710,000 CNY for breeding base subsidies and 151,217,900 CNY for entrusted breeding fees[177]. Governance and Compliance - The board of directors has confirmed that all members attended the board meeting, ensuring governance compliance[4]. - The company received a standard unqualified audit report from Dahua Certified Public Accountants, affirming the accuracy of its financial statements[5]. - The company has implemented a comprehensive governance structure, ensuring independence from controlling shareholders in assets, personnel, finance, and operations[120]. - The company has established independent financial management systems and practices, including separate bank accounts and independent tax reporting[120]. - The company has not reported any changes in shareholding for its directors and supervisors during the reporting period[124]. - The company has not faced any penalties from securities regulatory authorities in the past three years[135]. - The company has committed to comply with relevant laws and regulations regarding share transfer and reduction after the lock-up period[192]. Future Outlook - Future guidance indicates a projected revenue growth of 10% for the upcoming fiscal year[125]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[126]. - The company aims to achieve significant growth by 2025, aligning with national policies promoting the development of the ready-to-eat meal industry[103]. - The company plans to expand its production capacity to 420,000 tons of feed, 100 million broilers, 240,000 tons of fresh chicken products, and 80,000 tons of chicken prepared dishes by the end of 2023[106].

[Main Financial Data](index=1&type=section&id=Item%201.%20Main%20Financial%20Data) [Key Accounting Data and Financial Indicators](index=1&type=section&id=Item%20%28I%29%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Operating revenue grew by **41.69%** to **689 million yuan**, while net profit attributable to shareholders decreased, and operating cash flow turned positive Key Accounting Data and Financial Indicators for Q1 2023 | Item | Current Reporting Period (2023 Q1) (Yuan) | Prior Year Same Period (2022 Q1) (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 688,762,142.12 | 486,113,249.89 | 41.69 | | Net Profit Attributable to Shareholders | 8,430,113.76 | 11,777,093.22 | -28.42 | | Net Profit Attributable to Shareholders After Non-Recurring Items | 5,756,212.37 | 9,545,797.93 | -39.70 | | Net Cash Flow from Operating Activities | 20,364,026.89 | -54,347,849.22 | N/A | | Basic Earnings Per Share (Yuan/Share) | 0.04 | 0.06 | -33.33 | | Diluted Earnings Per Share (Yuan/Share) | 0.04 | 0.06 | -33.33 | | Weighted Average Return on Net Assets (%) | 0.73 | 1.07 | Decrease by 0.34 percentage points | | Item | End of Current Reporting Period (2023/3/31) (Yuan) | End of Prior Year (2022/12/31) (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,017,065,469.89 | 1,979,460,129.27 | 1.90 | | Owners' Equity Attributable to Shareholders | 1,158,069,485.26 | 1,149,640,148.68 | 0.73 | [Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=Item%20%28II%29%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Total non-recurring gains and losses for the period were **2.6739 million yuan**, mainly from government grants and investment income Non-Recurring Gains and Losses Items and Amounts for Q1 2023 | Item | Current Period Amount (Yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -28,728.31 | | Government Grants Recognized in Current P&L | 1,289,947.25 | | Capital Occupation Fees from Non-Financial Enterprises Recognized in Current P&L | 570,614.40 | | Gains/Losses from Entrusted Investment or Asset Management | 1,088,182.43 | | Other Non-Operating Income and Expenses | 2,894.00 | | Less: Income Tax Impact | 249,008.38 | | **Total** | **2,673,901.39** | [Changes and Reasons for Key Accounting Data and Financial Indicators](index=4&type=section&id=Item%20%28III%29%20Changes%20and%20Reasons%20for%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Operating revenue growth was driven by increased production, while net profit and EPS declined due to lower gross margins - Operating revenue increased by **41.69%** year-on-year, primarily due to the commissioning of the slaughtering plant, leading to increased production and sales volumes[9](index=9&type=chunk) - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by **39.70%**, and basic/diluted earnings per share decreased by **33.33%**, mainly due to lower gross profit margins in the first quarter[9](index=9&type=chunk) [Shareholder Information](index=4&type=section&id=Item%202.%20Shareholder%20Information) [Total Number of Common Shareholders and Top Ten Shareholders' Holdings](index=4&type=section&id=Item%20%28I%29%20Total%20Number%20of%20Common%20Shareholders%2C%20Number%20of%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders'%20Holdings) The company had **15,571** common shareholders, with Shandong Chunxue Food Co., Ltd. as the largest shareholder at **27.02%** - The total number of common shareholders at the end of the reporting period was **15,571**[11](index=11&type=chunk) Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (Shares) | Shareholding Percentage (%) | Number of Restricted Shares Held (Shares) | Pledged, Marked, or Frozen Status (Share Status/Number) | | :--- | :--- | :--- | :--- | :--- | :--- | | Shandong Chunxue Food Co., Ltd. | Domestic Non-State-Owned Legal Person | 54,045,000 | 27.02 | 54,045,000 | None/0 | | Zheng Weixin | Domestic Natural Person | 14,623,950 | 7.31 | 14,623,950 | None/0 | | Shanghai Tianzi Investment Management Co., Ltd. - Yantai Tianzi Xuerui Equity Investment Center (Limited Partnership) | Other | 9,960,000 | 4.98 | 0 | None/0 | | Laiyang Huayuan Investment Center (Limited Partnership) | Other | 7,743,000 | 3.87 | 7,743,000 | None/0 | | Shanghai Tianzi Investment Management Co., Ltd. - Yantai Tianzi Chunxue Equity Investment Center (Limited Partnership) | Other | 6,495,000 | 3.25 | 0 | None/0 | | Shandong Yida Venture Capital Fund Partnership (Limited Partnership) | Other | 5,512,000 | 2.76 | 0 | None/0 | | Laiyang Tongying Investment Center (Limited Partnership) | Other | 2,738,550 | 1.37 | 0 | None/0 | | Laiyang Tongfeng Investment Center (Limited Partnership) | Other | 2,738,550 | 1.37 | 0 | None/0 | | Liu Guixian | Domestic Natural Person | 1,925,821 | 0.96 | 0 | Unknown/878,000 | | Feng Changxing | Domestic Natural Person | 1,925,798 | 0.96 | 0 | Unknown/1,316,000 | **Explanation of Related Party Relationship or Concerted Action:** The company's actual controller, Zheng Weixin, holds **45.15%** of Shandong Chunxue Food Co., Ltd. and also serves as the executive partner of Laiyang Huayuan Investment Center (Limited Partnership); Shanghai Tianzi Investment Management Co., Ltd. - Yantai Tianzi Chunxue Equity Investment Center (Limited Partnership) and Shanghai Tianzi Investment Management Co., Ltd. - Yantai Tianzi Xuerui Equity Investment Center (Limited Partnership) are parties acting in concert. [Other Reminders](index=6&type=section&id=Item%203.%20Other%20Reminders) [Other Important Information Requiring Investor Attention](index=6&type=section&id=Other%20Important%20Information%20Regarding%20the%20Company's%20Operating%20Performance%20During%20the%20Reporting%20Period%20Requiring%20Investor%20Attention) No other significant operating information requiring investor attention was identified during the reporting period - The company had no other significant operating information requiring investor attention during the reporting period[13](index=13&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=Item%204.%20Quarterly%20Financial%20Statements) [Type of Audit Opinion](index=6&type=section&id=Item%20%28I%29%20Type%20of%20Audit%20Opinion) The financial statements for the current quarter are unaudited - The financial statements for the current quarter are unaudited[13](index=13&type=chunk) [Financial Statements](index=6&type=section&id=Item%20%28II%29%20Financial%20Statements) This section presents the consolidated balance sheet, income statement, and cash flow statement for Q1 2023 - The report includes unaudited consolidated balance sheet, consolidated income statement, and consolidated cash flow statement[13](index=13&type=chunk) [Consolidated Balance Sheet](index=6&type=section&id=Consolidated%20Balance%20Sheet) Total assets reached **2.017 billion yuan**, up **1.90%** from year-end, with liabilities at **859 million yuan** and owners' equity at **1.158 billion yuan** Key Consolidated Balance Sheet Data | Indicator | March 31, 2023 (Yuan) | December 31, 2022 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,017,065,469.89 | 1,979,460,129.27 | 1.90 | | Total Current Assets | 973,267,444.10 | 971,089,097.41 | 0.22 | | Total Non-Current Assets | 1,043,798,025.79 | 1,008,371,031.86 | 3.51 | | Total Liabilities | 858,995,984.63 | 829,819,980.59 | 3.52 | | Total Current Liabilities | 790,398,213.06 | 776,899,805.16 | 1.74 | | Total Non-Current Liabilities | 68,597,771.57 | 52,920,175.43 | 29.62 | | Total Owners' Equity Attributable to Parent Company | 1,158,069,485.26 | 1,149,640,148.68 | 0.73 | [Consolidated Income Statement](index=8&type=section&id=Consolidated%20Income%20Statement) Total operating revenue reached **689 million yuan**, up **41.69%**, but net profit decreased by **28.42%** to **8.4301 million yuan** due to rising costs Key Consolidated Income Statement Data | Item | Q1 2023 (Yuan) | Q1 2022 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 688,762,142.12 | 486,113,249.89 | 41.69 | | Total Operating Costs | 674,238,302.72 | 470,608,483.56 | 43.27 | | Operating Profit | 12,727,870.53 | 12,761,079.70 | -0.26 | | Total Profit | 12,730,764.53 | 12,758,214.98 | -0.22 | | Income Tax Expense | 4,300,650.77 | 981,121.76 | 338.34 | | Net Profit | 8,430,113.76 | 11,777,093.22 | -28.42 | | Basic Earnings Per Share (Yuan/Share) | 0.04 | 0.06 | -33.33 | | Diluted Earnings Per Share (Yuan/Share) | 0.04 | 0.06 | -33.33 | [Consolidated Cash Flow Statement](index=11&type=section&id=Consolidated%20Cash%20Flow%20Statement) Operating cash flow turned positive to **20.364 million yuan**, with net outflows from investing activities and net inflows from financing activities Key Consolidated Cash Flow Statement Data | Item | Q1 2023 (Yuan) | Q1 2022 (Yuan) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 20,364,026.89 | -54,347,849.22 | Turned from Negative to Positive | | Net Cash Flow from Investing Activities | -84,366,105.99 | -97,765,010.55 | Net Outflow Decreased | | Net Cash Flow from Financing Activities | 48,890,160.01 | 91,475,590.13 | Net Inflow Decreased | | Net Increase in Cash and Cash Equivalents | -15,111,919.09 | -60,656,498.23 | Net Decrease Narrowed | | Cash and Cash Equivalents at Period End | 300,514,278.07 | 356,846,873.34 | Decreased | [Implementation of New Accounting Standards](index=13&type=section&id=Item%20%28III%29%20Adjustments%20to%20Beginning-of-Year%20Financial%20Statements%20Due%20to%20First-Time%20Adoption%20of%20New%20Accounting%20Standards%20or%20Interpretations%20from%202023) No adjustments to beginning-of-year financial statements were made due to the first-time adoption of new accounting standards - The company did not involve adjustments to the beginning-of-year financial statements due to the first-time adoption of new accounting standards or interpretations in the current reporting period[24](index=24&type=chunk)

证券代码：605567 证券简称：春雪食品 公告编号：2023-029 春雪食品集团股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩暨现金分红说 明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 04 日(星期四) 至 05 月 10 日(星期三)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱： cxzq@springsnow.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 春雪食品集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 27 日发 布公司 2022 年度报告及 2023 年第一季度报告，为便于广大投资者更全面深入 地了解公司 2022 年度及 2023 年第一季度经营成果、财务状况，公司计划于 2023 年 05 月 11 日 上午 09:00-10:00 举行 2022 年度暨 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥702,439,955.97, representing a year-on-year increase of 22.90%[5] - The net profit attributable to shareholders for the same period was ¥35,100,241.92, reflecting a growth of 15.85% compared to the previous year[5] - The basic earnings per share for Q3 2022 was ¥0.1755, down 13.12% from the same period last year[6] - Total operating revenue for the first three quarters of 2022 reached ¥1,825,831,027.55, an increase of 16.9% compared to ¥1,560,927,926.89 in the same period of 2021[19] - Net profit for the first three quarters of 2022 was ¥77,798,021.28, representing a 14.0% increase from ¥68,228,604.25 in the same period of 2021[20] - Basic and diluted earnings per share for the first three quarters of 2022 were both ¥0.3890, down from ¥0.4549 in the previous year[21] Assets and Liabilities - The total assets at the end of the reporting period reached ¥1,896,644,275.92, an increase of 18.89% from the end of the previous year[6] - The company's current assets totaled CNY 972,798,932.99, up from CNY 896,350,945.29 in the previous year[13] - The company's total liabilities reached CNY 748,455,914.70, compared to CNY 504,935,560.00 in the previous year, marking a rise of approximately 48.3%[16] - The equity attributable to shareholders increased to CNY 1,148,188,361.22 from CNY 1,090,390,339.94, representing a growth of about 5.3%[16] Cash Flow - The cash flow from operating activities for the year-to-date was ¥53,907,622.17, showing a decrease of 18.15%[6] - Cash inflow from operating activities for the first three quarters of 2022 was ¥2,099,456,394.53, compared to ¥1,741,537,127.53 in the same period of 2021, reflecting a growth of 20.6%[23] - The net cash flow from operating activities was 53,907,622.17, a decrease of 18.1% compared to 65,862,402.39 in the previous year[24] - Cash inflow from financing activities totaled 425,126,217.22, down 51.6% from 877,567,537.93 in the previous year[24] - The net cash flow from financing activities was 131,947,643.00, a decrease of 75.3% compared to 534,441,548.83 in the previous year[24] Expenses - Total operating costs for the first three quarters of 2022 were ¥1,732,347,317.57, up 16.1% from ¥1,492,071,563.14 in the previous year[19] - Research and development expenses for the first three quarters of 2022 amounted to ¥4,879,456.21, an increase of 58.5% from ¥3,080,977.01 in the previous year[19] - Sales expenses increased to ¥40,072,955.55 in the first three quarters of 2022, up 41.9% from ¥28,238,621.67 in the same period of 2021[19] - Management expenses rose to ¥42,740,144.08, a 60.8% increase compared to ¥26,599,491.62 in the previous year[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,206[11] - The company reported a total of 10 major shareholders, with the largest shareholder holding 550,000 shares of common stock[12] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[12] - The company reported non-recurring gains of ¥1,686,043.42 for the year-to-date[10] - The company reported a credit impairment loss of ¥-6,669,784.97 in the first three quarters of 2022, compared to a gain of ¥2,150,907.79 in the same period of 2021[19] - The company received tax refunds amounting to ¥48,309,380.08 in the first three quarters of 2022, compared to ¥25,855,586.99 in the previous year[23]

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2022, representing a year-on-year increase of 15%[1]. - The net profit attributable to shareholders reached 80 million RMB, up 20% compared to the same period last year[1]. - The company's operating revenue for the first half of the year reached ¥1,123,391,071.58, representing a year-on-year increase of 13.55% compared to ¥989,364,830.00 in the same period last year[18]. - The net profit attributable to shareholders was ¥42,697,779.36, up 12.57% from ¥37,929,864.67 in the previous year[18]. - The basic earnings per share decreased by 16.00%, from ¥0.25 to ¥0.21[19]. - The weighted average return on net assets fell to 3.84%, a decrease of 3.57 percentage points from 7.41% in the previous year[20]. - The net cash flow from operating activities was ¥24,120,779.54, an increase of 14.71% compared to ¥21,028,279.52 last year[18]. - The total assets at the end of the reporting period were ¥1,752,449,258.76, reflecting a 9.84% increase from ¥1,595,325,899.94 at the end of the previous year[18]. - The net assets attributable to shareholders increased to ¥1,113,088,119.30, a rise of 2.08% from ¥1,090,390,339.94 at the end of the previous year[18]. - The company reported a significant increase in long-term borrowings, primarily due to financing for the construction of a smart factory with an annual capacity of 50 million chickens[42]. Market Expansion and Product Development - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2023[1]. - New product development includes the launch of a premium line of pre-packaged meals, expected to contribute an additional 50 million RMB in revenue[1]. - The company is actively pursuing new product development in the prepared food sector, supported by local government incentives for significant investments[27]. - The company has successfully launched 12 new products in May, followed by an additional 12 non-fried prepared dishes, enhancing its product offerings[37]. - The company plans to further explore export market potential and enhance its smart factory capabilities in the second half of the year[38]. User Engagement and Growth - User data indicates a growth in active users by 25%, reaching 1.5 million users in the first half of 2022[1]. - The company has set a target to increase its user base by 20% in the next fiscal year through enhanced marketing strategies[148]. - The company reported a significant increase in user engagement metrics, with a 30% rise in active users compared to the previous year[148]. Cost Management and Operational Efficiency - The company has experienced increased production costs in H1 2022 due to rising prices of fuel, cooking oil, and other raw materials, impacting overall profitability[30]. - The company maintained a strong focus on cost reduction and efficiency improvement through various internal initiatives, resulting in effective management of external market challenges[37]. - The gross margin improved to 45%, up from 42% in the previous quarter, reflecting better cost management strategies[184]. Environmental and Social Responsibility - The company has not experienced any environmental responsibility accidents or major violations during the reporting period and has not received any environmental administrative penalties[61]. - The company has established an environmental protection management system in compliance with relevant laws and regulations[76]. - The company has provided financial support totaling 83.34 million CNY to over 140 financially challenged poultry farmers since 2018, promoting the adoption of vertical farming methods[78]. - The company's initiatives have contributed to local employment and income growth, supporting rural revitalization efforts[78]. Shareholder Commitments and Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months following the IPO[83]. - The controlling shareholder Shandong Chunxue and partner Huayuan Investment committed not to transfer or manage shares held before the IPO for 36 months[84]. - The actual controller Zheng Weixin promised to avoid any business competition with the company and its subsidiaries[88]. - The company has established a policy to ensure that any necessary related party transactions are conducted at fair market prices[90]. - There are no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[97]. Financial Assets and Liabilities - The company classifies financial assets into three categories: amortized cost, fair value through other comprehensive income, and fair value through profit or loss[194]. - Financial assets measured at amortized cost include cash, receivables, and debt investments, with interest income recognized using the effective interest method[195]. - The company measures financial liabilities at fair value upon initial recognition, with transaction costs recognized in profit or loss for fair value liabilities[200]. Future Outlook - The company plans to continue expanding its market presence and investing in new product development to sustain growth in the upcoming quarters[148]. - The company is focusing on technological advancements and innovation to maintain a competitive edge in the market[148]. - The company provided guidance for the next quarter, expecting revenue to be between $1.2 billion and $1.5 billion, indicating a potential growth of 12% to 18%[184].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 486,113,249.89, representing a 10.00% increase compared to CNY 441,910,432.17 in the same period last year[5] - The net profit attributable to shareholders decreased by 55.62% to CNY 11,777,093.22 from CNY 26,538,830.58 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 61.75% to CNY 9,545,797.93 from CNY 24,953,855.08 in the previous year[6] - The basic and diluted earnings per share decreased by 66.67% to CNY 0.06 from CNY 0.18 in the same period last year[6] - Net profit for Q1 2022 was CNY 11.78 million, a decrease of 55.7% from CNY 26.54 million in Q1 2021[21] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -54,347,849.22, an improvement of 10.36% compared to CNY -60,630,297.99 in the previous year[6] - Cash flow from operating activities for Q1 2022 showed a net outflow of CNY 54.35 million, compared to a net outflow of CNY 60.63 million in Q1 2021[24] - Cash and cash equivalents at the end of Q1 2022 were CNY 356.85 million, down from CNY 417.50 million at the beginning of the period[25] - The company's cash and cash equivalents decreased to RMB 407,051,033.24 from RMB 474,447,159.45 year-over-year[15] Assets and Liabilities - Total assets increased by 3.33% to CNY 1,648,386,583.55 from CNY 1,595,325,899.94 at the end of the previous year[6] - The company's total equity increased to RMB 1,102,167,433.16 from RMB 1,090,390,339.94, representing a growth of approximately 1%[17] - The company reported a short-term loan of RMB 215,207,166.76, up from RMB 184,221,500.11, indicating an increase of about 17%[16] - The non-current liabilities totaled RMB 60,768,401.64, up from RMB 24,301,901.87, marking a significant increase[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,823[12] - Shareholders' equity attributable to the parent company rose by 1.08% to CNY 1,102,167,433.16 from CNY 1,090,390,339.94 at the end of the previous year[6] Operational Costs - Total operating costs for Q1 2022 were CNY 470.61 million, up from CNY 411.86 million in Q1 2021, representing a 14.3% increase[20] - The decline in net profit was primarily attributed to the continuous drop in pork prices and the increase in prices of raw materials such as soybean meal[10] Inventory and Receivables - Accounts receivable increased significantly to RMB 115,732,746.16 from RMB 78,777,989.92, indicating a growth of approximately 47%[15] - Inventory decreased to RMB 259,637,712.78 from RMB 286,031,046.63, reflecting a decline of about 9%[15] Tax and Investment Activities - The company experienced a decrease in tax payments, totaling CNY 9.72 million in Q1 2022, down from CNY 11.61 million in Q1 2021[24] - Investment activities resulted in a net cash outflow of CNY 97.77 million in Q1 2022, compared to CNY 7.85 million in Q1 2021[24] Financing Activities - Financing activities generated a net cash inflow of CNY 91.48 million in Q1 2022, compared to CNY 25.45 million in Q1 2021[24] Retained Earnings - The company’s retained earnings rose to RMB 274,795,999.77 from RMB 263,018,906.55, reflecting an increase of approximately 4%[17] Product Development - The company has not provided any new product or technology development updates in the current report[14]

Financial Performance - The company's operating revenue for 2021 was CNY 2,033,360,493.7, representing a 9.15% increase compared to CNY 1,862,971,958.64 in 2020[23]. - The net profit attributable to shareholders for 2021 was CNY 56,581,368.15, a significant decrease of 61.88% from CNY 148,435,698.14 in 2020[23]. - The net cash flow from operating activities decreased by 47.50% to CNY 101,285,899.94 in 2021 from CNY 192,919,841.30 in 2020[23]. - The basic earnings per share for 2021 was CNY 0.35, down 64.65% from CNY 0.99 in 2020[25]. - The weighted average return on equity decreased by 25.62 percentage points to 8.62% in 2021 from 34.24% in 2020[25]. - The total assets increased by 45.87% to CNY 1,595,325,899.9 in 2021 from CNY 1,093,673,847.16 in 2020[23]. - The operating cost rose by 14.65% to CNY 1,852,491,993.76, impacting profit margins[55]. - The gross profit margin for the processed food segment decreased by 1.57 percentage points to 9.44%[58]. - The company's total revenue for the year was approximately 2,021.52 million, with a gross margin of 8.68%, reflecting a year-on-year increase of 9.08% in revenue and a 14.65% increase in cost of goods sold[59]. - The company reported a revenue increase of 15% year-over-year, reaching $1.2 billion in Q4 2023[123]. Market and Product Development - The company aims to become the leading enterprise in the high-quality chicken meat processing segment in China, focusing on value transformation and standardization[35]. - The pre-prepared food market, particularly chicken products, is experiencing rapid growth, driven by changes in consumer behavior and the impact of the pandemic[39]. - The company is focusing on expanding its market presence through new product development and enhancing brand influence following its successful IPO[35]. - The company produced 55,000 tons of chicken processing products in 2021, representing a year-on-year growth of 5%, with exports reaching 12,000 tons, up 9%[42]. - The company plans to invest 246 million yuan in a new smart factory project with an annual production capacity of 40,000 tons of chicken processing products, expected to commence in December 2022[46]. - The company aims to enhance its core technologies, including automated production and processing techniques, to improve operational efficiency and food safety[102]. - The company is committed to increasing R&D investment to develop new products that meet consumer needs, particularly in plant-based proteins and functional foods[99]. - The company plans to expand its market presence and is focusing on new product development to enhance user engagement[122]. Operational Efficiency and Cost Management - The company faced significant cost increases due to rising prices of corn and soybean meal, impacting gross margins[26]. - The company successfully reduced feed production costs by approximately 4 million RMB in 2021 by adjusting feed formulas, replacing 39,000 tons of corn[37]. - The company is focusing on enhancing its logistics capabilities, as evidenced by a 41.17% increase in freight costs, attributed to rising export transportation costs due to the pandemic[63]. - Cost management strategies resulted in a 5% reduction in operational expenses, improving overall profitability[123]. - The company plans to increase its marketing budget by 25% to support upcoming product launches and brand awareness campaigns[124]. Governance and Compliance - The company has established a governance structure that includes a shareholders' meeting, board of directors, and supervisory board to ensure a clear division of responsibilities and mutual checks and balances[114]. - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, and operations, achieving the required independence standards[115]. - The company has an independent financial accounting department and strictly adheres to accounting laws and regulations, ensuring independent financial decision-making[116]. - The company has established a comprehensive internal control management system to mitigate operational risks[149]. - The company has no significant differences in governance compared to regulatory requirements, ensuring compliance with laws and regulations[114]. Environmental Responsibility - The company is committed to sustainable practices and has established protocols for wastewater management and monitoring[168]. - The company implemented the ISO14001 environmental management system, significantly improving management levels and minimizing environmental impact, energy consumption, and costs[172]. - The company has engaged third-party testing to ensure compliance with environmental regulations[168]. - The company has established a comprehensive emergency response plan for environmental incidents, which has been filed with the local environmental bureau[160]. - The company is in the process of constructing a smart factory for processing 50 million chickens annually, which is not yet completed[157]. Strategic Outlook - The company provided guidance for Q1 2024, expecting revenue between $1.3 billion and $1.5 billion, representing a growth of 10% to 25%[123]. - The company plans to enter two new international markets by the end of 2024, targeting a revenue contribution of $100 million from these markets[123]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[124]. - Future guidance indicates a strong growth trajectory, with expectations for continued revenue increases in the upcoming quarters[122]. - The company is investing in new technologies to improve operational efficiency and product offerings[122].

春雪食品集团股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2021 年第三季度报告 证券代码：605567 证券简称：春雪食品 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上 | | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 年同期增减变 | 年初至报告期末 | 比上年同期增减 | | | | 动幅度(%) | | 变动幅度(%) | | 营业收入 | 571,563,096.89 | 12.79 | 1,560,927,926.89 | 14.4 ...